BENICIA, CA – RIX Industries, Inc. (RIX) announces the acquisition of Qdrive, a subsidiary of Chart Industries, Inc. (Nasdaq: GTLS). This acquisition of assets and IP will allow RIX to focus on expanding their cryogenics business segment onboard U.S. Navy aircraft carriers, other vessels, and diverse industrial applications.
RIX developed an advanced liquid oxygen (LOX) plant for the US Navy’s new USS Gerald R. Ford (CVN78) aircraft carrier in partnership with Chart/Qdrive. That system features state-of-the-art, energy efficient Thermoacoustic Stirling Cryocooler technology. It was designed to support Navy objectives including major reduction in lifecycle cost through the application of more highly integrated, autonomous systems that enable large scale reduction of crew.
“RIX Industries offers a level of reliability that is unique and unparalleled in the markets we serve. Through the addition of Qdrive’s expertise and resources, RIX is building on its legacy objective which is to provide innovative system solutions with cutting edge technology,” commented George Wood, Executive Vice President of RIX Industries, Inc. “We are very excited to welcome the Qdrive team to the RIX family. They bring a wealth of knowledge and experience in cryogenics that will further bolster our commitment to delivering best-in-class integrated systems to our customers.”
ABOUT RIX INDUSTRIES:
RIX Industries manufactures a wide range of reciprocating piston compressors and generators for industrial gases and breathing air. RIX has been in business since 1878 and has been proudly serving our US Armed Forces for over 120 years. With a solid industry reputation that is second to none, RIX is the established leader in engineering and manufacturing of American-made compressors.
A company built on trust, experience, and a growing client base of over 80% repeat customers, RIX is dedicated to making clients for life, both domestically and globally. RIX Industries’ compressors and generators are used by an extensive list of customers within industrial gas companies, refineries and chemical plants, offshore oil platforms, commercial diving operations, SCUBA tank filling stations, and Government Agencies, all of which increase RIX’s global role in strategic deterrence, homeland defense, and economic security.
For more information, visit: http://www.rixindustries.com.
Terry Allvord, USN (Ret.) | Director, Business Development
Gordon Reid | Director, Cryogenic Products